What’s Propelling Safety Income & Growth Inc (NYSE:SAFE) After Lower Shorts Reported?

The stock of Safety Income & Growth Inc (NYSE:SAFE) registered a decrease of 13.69% in short interest. SAFE’s total short interest was 150,700 shares in May as published by FINRA. Its down 13.69% from 174,600 shares, reported previously. With 14,600 shares average volume, it will take short sellers 10 days to cover their SAFE’s short positions. The short interest to Safety Income & Growth Inc’s float is 0.84%.

The stock increased 0.30% or $0.08 during the last trading session, reaching $26.33. About 14,284 shares traded. Safehold Inc. (NYSE:SAFE) has risen 12.00% since May 8, 2018 and is uptrending. It has outperformed by 7.63% the S&P500.

Safety, Income and Growth, Inc. is a real estate investment trust externally managed by SFTY Manager LLC. The company has market cap of $811.54 million. The firm acquires, own, manage, finance and capitalize ground net leases, or GNLs. It has a 32.83 P/E ratio. It represent ownership of the land underlying commercial real estate projects that is net leased by the fee owner of the land to the owners/operators of the real estate projects built thereon.

More notable recent Safehold Inc. (NYSE:SAFE) news were published by: Seekingalpha.com which released: “Boeing: Still Not Safe To Buy – Seeking Alpha” on April 11, 2019, also Globenewswire.com with their article: “Research Report Identifies Trivago NV ADS, Legg Mason, Safety, Income and Growth, and Aevi Genomic Medicine with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement – GlobeNewswire” published on May 03, 2019, Businesswire.com published: “Safehold Sets First Quarter 2019 Earnings Release and Webcast – Business Wire” on April 16, 2019. More interesting news about Safehold Inc. (NYSE:SAFE) were released by: Globenewswire.com and their article: “AK Steel’s Middletown Works Coke Plant Recognized for Outstanding Safety Performance – GlobeNewswire” published on May 07, 2019 as well as Investorplace.com‘s news article titled: “9 Super-Safe-Growth Stocks for Long-Lasting Dividends – Investorplace.com” with publication date: May 06, 2019.

Safehold Inc. (NYSE:SAFE) Ratings Chart

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